Fulton Breakefield Broenniman LLC Sells 9,624 Shares of EOG Resources, Inc. $EOG

Fulton Breakefield Broenniman LLC decreased its holdings in shares of EOG Resources, Inc. (NYSE:EOG) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,649 shares of the energy exploration company’s stock after selling 9,624 shares during the period. Fulton Breakefield Broenniman LLC’s holdings in EOG Resources were worth $10,149,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EOG. Sivia Capital Partners LLC bought a new stake in shares of EOG Resources during the 2nd quarter valued at about $258,000. Quantbot Technologies LP acquired a new position in EOG Resources during the 2nd quarter worth approximately $349,000. Guggenheim Capital LLC raised its stake in EOG Resources by 2.5% during the 2nd quarter. Guggenheim Capital LLC now owns 18,122 shares of the energy exploration company’s stock worth $2,168,000 after buying an additional 445 shares during the period. Gamco Investors INC. ET AL raised its stake in EOG Resources by 216.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,560 shares of the energy exploration company’s stock worth $785,000 after buying an additional 4,485 shares during the period. Finally, Baker Avenue Asset Management LP raised its position in shares of EOG Resources by 1.1% during the second quarter. Baker Avenue Asset Management LP now owns 73,360 shares of the energy exploration company’s stock worth $8,775,000 after purchasing an additional 811 shares during the period. Institutional investors own 89.91% of the company’s stock.

EOG Resources Stock Performance

Shares of EOG Resources stock opened at $143.02 on Tuesday. The company has a market cap of $76.62 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 3.03 and a beta of 0.32. EOG Resources, Inc. has a 52 week low of $101.59 and a 52 week high of $151.87. The business has a 50 day moving average price of $127.76 and a 200-day moving average price of $114.86. The company has a quick ratio of 1.42, a current ratio of 1.63 and a debt-to-equity ratio of 0.27.

EOG Resources (NYSE:EOG) last issued its quarterly earnings data on Tuesday, February 24th. The energy exploration company reported $2.27 EPS for the quarter, topping the consensus estimate of $2.20 by $0.07. The firm had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.36 billion. EOG Resources had a return on equity of 18.67% and a net margin of 22.00%.The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.74 earnings per share. Equities analysts anticipate that EOG Resources, Inc. will post 11.47 earnings per share for the current fiscal year.

EOG Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders of record on Thursday, April 16th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Thursday, April 16th. This represents a $4.08 annualized dividend and a dividend yield of 2.9%. EOG Resources’s dividend payout ratio is 44.79%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on EOG shares. Truist Financial started coverage on EOG Resources in a report on Tuesday, March 24th. They issued a “hold” rating and a $146.00 target price on the stock. Raymond James Financial increased their target price on EOG Resources from $157.00 to $185.00 and gave the stock a “strong-buy” rating in a report on Friday, March 27th. Morgan Stanley increased their target price on EOG Resources from $128.00 to $155.00 and gave the stock an “equal weight” rating in a report on Friday, March 27th. Barclays increased their target price on EOG Resources from $133.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, March 16th. Finally, Royal Bank Of Canada set a $138.00 target price on EOG Resources and gave the stock an “outperform” rating in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and eighteen have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $145.11.

Insider Activity at EOG Resources

In other news, CFO Ann D. Janssen sold 4,161 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $140.04, for a total value of $582,706.44. Following the completion of the sale, the chief financial officer directly owned 100,246 shares of the company’s stock, valued at $14,038,449.84. This represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey R. Leitzell sold 5,698 shares of the stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $150.32, for a total value of $856,523.36. Following the sale, the chief operating officer directly owned 88,045 shares of the company’s stock, valued at $13,234,924.40. The trade was a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 18,230 shares of company stock valued at $2,522,568. Company insiders own 0.13% of the company’s stock.

EOG Resources Company Profile

EOG Resources, Inc (NYSE: EOG) is an independent exploration and production company headquartered in Houston, Texas. Tracing its corporate origins to Enron Oil & Gas Company in the late 1990s, the company established itself as a stand‑alone E&P operator and has grown into one of the largest U.S. upstream producers. EOG focuses on the exploration, development and production of crude oil, condensate, natural gas and natural gas liquids (NGLs).

As an upstream-focused company, EOG’s core activities include geologic and geophysical exploration, drilling and completion of wells, reservoir development, and the marketing of hydrocarbon production.